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20130209
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CNBC 29
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
CNBC
Feb 3, 2013 7:30pm EST
. he released his annual letter describes the work he plan to do in global health and education. i speak with him on the road ahead for the company he founded and the company's successor. >> tech leaders, those are tough jobs. and steve has done a good job. >> microsoft, would you ever return to the ceo office? >> i'm engaged but my full time work will be the foundation work. microsoft is a competitive field, surface computer is doing well, so, you know i'll i share lots of ideas about where it should go and the field as a whole should be proud of how quickly it's moving and microsoft will lead in those areas. >> you and melinda have given away some billions how do you see your work now? >> we are committed to the diseases that affect the poorest. all of the childhood conditions. and until we treat the health of that poor child as being as important as the health of a rich child, that gives us decade after decade of needing to make progress. mali malaria is a great story. we are funding drug companies and new concepts that will when we get them, will eventually give us enough to ta
CNBC
Feb 8, 2013 1:00pm EST
? >> diana, i will pick up. i would assume some of these loans are for higher education? >> absolutely. we are seeing it for education. but the line we are hearing from the banks, especially here at wells fargo, is that people are spending it more quote responsibly. they want it get home improvements done, get things fixed, pay for education. may also pay down other debt they accumulated. >> all right, thank you very much. >>> gold prices closing right now. sharon epperson is following that for us. >> closing around 1667 an ounce, you flow, gold has been under a very tight trading range since the beginning of the year. only about a $20 range per day. today it is only $9. we have seen low volumes and tight ranges recently. that's part of the reason why with less volatility, the cme group is cutting margins. not just for gold but for silver, and plat yum. we are also keeping an eye on platinum and palladium. speculators are getting in there and will be hard hit if prices can come down. back to you. >> sharon, thank you very much. >>> coming up, winter storm nemo powering through the northeas
CNBC
Feb 4, 2013 4:00am EST
educated labor force. so the margins for cheap labor production have shrunk so much that it's no longer plausible and the country has got to be geared towards an upgraded kind of production system in order to stay viable. and, of course, the introduction explains that china's one-child policy and the impact on the labor force, but i think it's not just the quantity of the labor force, it's the quality. china has now become the top filer of patrons, according to the world incident ur national organization. so the china's manufacturing is changing all the time. >> michael, i just want you to make this point, which is to say that, as you said, this is already an issue, which if they change policy now, makes no difference. >> no. the cohort that's coming through now is going to be about 30%, 35% less than theco hort that is 45 and 50. that cohort is too old. it's not going to have any more children. it's over, it's done. >> what are the practical implications, though? >> at the end of the day, it's all about that. a huge number of people are economically active who have their one child so t
CNBC
Feb 7, 2013 4:00pm EST
're not investing in education, infrastructure, training, and we're not even doing anything to stabilize the debt-to-gdp ratio after 2020, 2022 because the entitlement programs are not touched. very bad policy. >> it just seems like there's an opportunity to come up with cuts, it doesn't happen, laura, so you say that's not the way a business operate. a business doesn't operate with no budget for four years either. we haven't had a budget in four years. >> a business operates when times are bad, and they can borrow. they do borrow. the u.s. government has been able to borrow at record low interest rates for the last few years. the only group that seems to be determined to slow the economy down because they are worried about the ability of the government to borrow are those who are fostering the sequester. the u.s. government has been able to borrow. it has run itself as an economy, running an economy which is in slow growth where the deficit automatically picks up because there's slow revenue coming in and there's the need to spend on programs to help ease us through a slow period. it was wise po
CNBC
Jan 31, 2013 7:00pm EST
'd go across the board so much, i'd go commerce, labor, education, interior, energy. are you kidding me? i would slash everything. i would take out at least a quarter. at least a quarter. i don't care, sequester, i don't even know what it means. what i know is let's get rid of these goofy departments that are bankrupting america. what's your take on that? >> well, got to disagree with you. >> oh. [ laughter ] >> i think that there's certainly a time and place for cuts. as you say earlier, it's usually when the economy is working a little bit better than it is now. i think if you look back historically, the best time for cuts is back to trend growth, which is 3%, not the 2% economy that we're in now. i'll tell you, i just came last week from the world economic forum, one of the big conversation threads there was that we don't want to be europe. europe has gone too far with austerity. and you might say well that's a liberal point of view. but i'll tell you, the american enterprise institute came out with a report this week saying we should take lessons from overseas. we should not do aust
CNBC
Feb 5, 2013 1:00pm EST
, indiscriminate cuts to things like education and training, energy and national security will cost us jobs and slow down our recovery. it's not the right thing to do for the economy. it's not the right thing for folks who are out there still looking for work. the good news is this doesn't have to happen. for all the drama and disagreements we've had over the past few years, democrats and republicans have still been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and higher rates on taxes for the healthy. the balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i put forward during the fiscal cliff negotiations, in discussions with speaker boehner and others, are still very much on the table. i just want to repeat
CNBC
Feb 6, 2013 6:00pm EST
you a little money. my job is not just to entertain you but to educate and teach you. so call me at 1-800-743-cnbc. work that news flow, put it to use. even as the dow adding seven points, s&p up .05%. nasdaq sinking .01%. yes, work that tape. that's what i used to teach at my old hedge fund where i finished my career with a plus 24% annual net return. and that's, yes, after all fees, three times better than the s&p during the 14 years. i knew every piece of information that came public could produce another piece of information that could make me a better investor, better trader and make me quick money or keep me from selling or buying something i shouldn't, or keep me in a stock i needed to stay in. it's something i write about every day as part of that service i talk about all the time, the actionalertsplus.com, tells me what investments i'm going to make before i make them. and tonight i'm going to show you how you can do it exactly the same at home. and just to be clear, my sources are the same sources as your sources. the publicly traded documents, the conference calls, and the
CNBC
Feb 5, 2013 6:00pm EST
but educate you. yesterday's hideous, awful, terrible market. where, we got hammered for more than a percent. bringing out the nasayers. house of pain. house of pleasure. it climbed 99 points. the nasdaq. 1.29%. i understand the importance of answering that question. when we get a pull back, i tell you, buy buy buy. buy this one. pull back on a pullback, when we get one like yesterday, i don't see people buying the pullback. i see people selling the pullback. people want to ring the register. people don't want to be greedy. nevertheless, i feel strongly that you don't back away when they throw a sale here. you don't back away on the pullback like yesterday. you have to be in there pulling the trigger. i know what you need. i have been thinking about it. try to convince people to buy. you need verification of my thinking. yes. you need to have others who came n took advantage of the declines, make you feel more confident. it is little me, telling you to get n half a dozen analysts, many knuckleheads, half my age, saying, sell, sell, sell. stocks have gone up a lot. it was -- they are up too
CNBC
Feb 6, 2013 7:00pm EST
from your normal speech aimed at middle class families. heavy emphasis on education, on health care, and a surprising emphasis on immigration reform. we'll get to that later. is this a kinder, gentler eric cantor? is this a kinder and gentler republican party? >> you know, i think this is a demonstration of our conservative principles. you know, steeped in self-reliance, in faith in the individual and families. and an insistence on accountability in government. it's putting these principles to work to demonstrate that conservative principles and policies actually benefit people, can help make life work again. >> is it fair to say, in all seriousness, is it fair to say in the last election and who knows when the gop really wasn't directing its policies at the middle class and now you're trying to correct that? is that one of your main themes, main ideas? >> no, larry. i think the lesson learned from the last election is we stood strong on the policies trying to right size the government, to manage down the debt and deficit. for some reason we were unable to demonstrate, or we didn't
CNBC
Feb 5, 2013 6:00am EST
shot at getting a good education. you know, there are a lot of folks in that instance that really we need to start helping. you know, there are some other issues that face working parents every single day. they've got to face the rising cost of health care, the prospects of losing a job. how are they going to support their family? these are the kinds of things that i'll be talking about today at aei to fry and make life work again for more people. >> you know, leader, is this a situation where you feel like you have to explain how your policies actually play out on american families? this sounds like the kinder, gentler gop. because when people start hearing all this talk about budget cutting, sometimes their eyes glaze over because it's just numbers. and you're probably in a situation where you've gotten a lot of pressure from the president who has said this is not the way the american people want to go. is this a plan to try and take back that debate? >> i do think there are some lessons to be learned from the last election. and i think that we have been steadfast in our commitment
CNBC
Feb 6, 2013 5:00pm EST
for the last few years, anyway, a soon to be sold education business, all of that is fantastic. however, you also are buying the other side of enormous litigation where all of the politicians try to pile on to make their careers and make this target the tunnel of -- the target of all the visit tree y'all, all the anger over the financial crisis and you will see a bar rage of embarrassing discovery with no end in sight while they just use this as a political punching bag and who knows what the liability could be. i feel like we are in day three of macondo. >> it was the same thing you were about to say with bp. you have to look at the bounces along the way. >> we hit up a chart, i don't know if we have it, of macondo day three. they lost $90 billion of value. >> it didn't level off, though. once you start to see something like this stop the bleefding at a certain level, that's where you want to say, let me take a flyer, buy 10%, 15% of what i want to own in this position. you can't fall in love with it. if it breaks that $42 level, that's where you must exit. right now, it's worst a flyer. >>
CNBC
Feb 8, 2013 4:00pm EST
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CNBC
Feb 1, 2013 9:00am EST
pads, and, you know, technology devices. not in things like education and energy and that's the only sign of inflation. but to joe's point, i think the fed can back off on what they've said if in fact we've seen them pull back. they can walk away from the 6.5% unemployment target and wind down quantitative easing in a much more rapid pace. i think that's a step in the right direction, so it doesn't have to be a train wreck. this could be a gradual pullback of easing where interest rates start going up in the first part of 2014. >> we've been talking about pulling this band aid off for so long. carl, it's like housing, though. schiller wrote a piece in the journal, they said it lasted five years. that was painful. but boy, when it reversed, it was more painful than that time with which you're waiting for it to happen. >> joe, art, thanks, guys. good stuff. >> thank you. >> trading debut here at the nyse today. becoming the largest ipo from a u.s. company since facebook. shares of zoetis is trading at $26 apiece. it's the only way to play it in a pure way, because the other animal medicine
CNBC
Feb 4, 2013 12:00pm EST
year. >> if retail investors, there is a lot of education out there, there is a lot of research and tools available and they can be quite savvy. >> let me ask you this. in terms of new money, what about new accounts that are opening up a lot of those versus say a year or two years ago. second part of that is, accounts that were open but were sitting in a lot of cash, so people that weren't in the market, what are the flows there? >> we're seeing increased activity across the board. i think the whole industry is. we're seeing more accounts and we're seeing more activity. our published arts are up. not quite up to the level of pre-2008, but definitely -- in our world, there is usually three steps. it is a client that is sitting on -- in the stands that works their way to the sideline and then gets in the game. it is rare they go and suddenly there is a catalyst and they jump in and make a trade. they take three steps. so we see the activity first before we translate into transactions. >> steve, good stuff. thanks for coming in. >>> coming up on "half time," do you buy the king of
CNBC
Feb 4, 2013 5:00pm EST
're in and i think that will continue. which is the sale of education, i expect that to close. but it is not a good feeling. i have to say, one of my least favorite feelings, seeing a headline like that. >> does anyone find the timing is really terrible? >> conspiracy theorist. enlighten us. >> s&p said they were going have another downgrade if it was a short-term patch, correct? >> uh-huh. >> i'm telling you. >> go on. >> so, now we haven't seen the downgrade and now we're waiting on the next level of debt ceiling debate or the sequestration and you start to see this headline. is this a warning to the other rating agencies -- >> trying to smack them down before -- >> if i were a conspiracy guy, that's -- >> if you were. lay it out. >> don't paint me with that brush. but if i were, this is what i would be saying. >> let's let that sit out there, just sit there. one of wall street's most well-known banking analysts surging you to buy all of the banks. here's what he said earlier today. >> you should be buying goldman sachs, bank of america, u.s. bank corp, you should be buying
CNBC
Jan 31, 2013 11:00pm EST
is to educate and teach you. call me, 1-800-743-cnbc. sometimes, very rarely, but sometimes we get a metaphor that fits the stock market as strong as this one. even as today the averages stalled, dow sinking 50 points, s&p sliding .26%, nasdaq inching down .01%. sometimes, sometimes there's an analogy so obvious it can explain how in the heck we can have one of the best januarys of all time with the dow up about 6%. >> the house of pleasure. >> giving you the greatest january since 1994, and the s&p rallying about 5%. >> all aboard! >> beating every january since 1997. the secret behind the market's success is right in front of you. and this is one of those times, because this sunday's super bowl encapsulates just about everything that's driving us higher, much higher than people believed possibly coming into 2013. intrigued? all right, so what did we hear today? we heard as january goes, so goes the rest of the year. we know that of the 11 times since 1950 that the s&p 500 was up more than 5% in january, like this one, we had spectacular advantage for the rest of the year, 10 out of 11 of th
CNBC
Feb 1, 2013 1:00pm EST
school system where it is costing $51,000 a year to educate student who are just a bus ride away from a public school. this is nuts. >> you just heard from alan simpson. chuck hagel will be confirmed and he will be helpful in cutting defense spending. >> i could listen to those guys and you, john, all avenue. thank you to mr. bowls and senator simpson. >>> sue is here along with senior economic reporter steve liesman. i meant that sincerely. i could listen to them and the common sense all day. >> so refreshing. >> steve? >> you know, i think steve's -- >> i think steve -- >> yeah. >> his microphone. >> you know, ty, i think that common senz approach, certainly down here, that's what they want to hear. they want somebody to drive congress to make decisions but they are not confident at all that we will get the type of decisions that longer trm will be healthy for the country. there is so much skepticism. so i find it very refreshing when you have the two gentlemen saying, listen, this is crazy. we have to get everybody together. reach across the aisle and reach some sort of agreement o
CNBC
Feb 1, 2013 6:00pm EST
money. i need to educate you and teach you. so call 1-800-743-cnbc. there's nothing worse than watching the averages roar higher. while your portfolio sits there barely moving. it makes you feel like a complete dope. like the stock market must be a total shell game, but really it just means you might be making a few basic mistakes. that's why tonight i'm devoting the whole darn show to my playbook for taking advantage of a short term -- short term rally. not to be confused with the so-called bear market rally which is what people throw around when the stocks go up when the intelligent is a thinks they should be going down. i'm giving you a game plan for how the short term run ups in terms of long term runs. what kind of bozo, incompetent dufus needs a guide to make a money in a rally? is cramer going to draw us a picture on how to pick your nose? who needs help when it's up during a multiday run-up? like a love buy fest? do you need my help to help you deal with the stocks and do we buy into more money, problem on the show. absolutely not. but i'll explain it get back to those of you ha
CNBC
Feb 4, 2013 6:00pm EST
education for my son. >> boo-yah. >> boo-yah. "mad money" does work. >> "mad money," making you money for college. boo-yah, i love you. >> how many other shows have kids calling in saying boo-yah? >> one boo-yah at a time. "mad money" with jim cramer weeknights 6:00 and 11:00 p.m. eastern only on cnbc. [ woman ] when you own your own business, it's a challenge to balance work and family. ♪ that's why i love adt. i can see what's happening at my business from anywhere. [ male announcer ] now manage and help protect your small business remotely with adt. arm and disarm your alarm, watch secure video in real time, and even adjust your lights and thermostat wherever you are. with adt, you get 24/7 protection through our exclusive fast-response monitoring. you can be confident that adt is always there for you. hey, lisa. is that the delivery we've been waiting for? [ male announcer ] and now you can get adt monthly service for your business starting at less than $2 a day. [ woman ] i love the convenience of adt. i can finally be in two places at once. [ male announcer ] call today and ge
CNBC
Feb 6, 2013 11:00pm EST
educational. we did two interviews on last night's "mad money." the first one was not actionable. the first one was sandy cutler. didn't produce anything you could act on because the stock had run up a couple of bucks. he did mention that china's getting better. we've got to file that away for the next opportunity to play china. david pyatt, total gold rush. you see, he explained to us that allergan has not just one new drug, but the possibility of a second blockbuster, an inhaled migraine fighter that his company now owns 100% of thanks to the pending purchase of mac pharmaceuticals. well, the interview broke no news, kind of like, you know, breaking news thing, it did produce something i felt that was better. a more pertinent impression, which was that pyatt's allergan's ever conservative ceo. always really conservative. when i said if i read the tea leaves right, the fact he guided analysts higher, not lower this time meant he was more bullish than usual. his readiness to agree with that. this is a conservative guy. the readiness gave you a fabulous trade. allergan went to 108 1/2 as it
CNBC
Feb 1, 2013 6:00am EST
to help educate the american public so that our leaders would have a greater support to do what they have to do. and the numbers really are over the intermediate term are really impressive. >> we've watched fix the debt and a lot of these organizations that are backed by businesses who have run the numbers and are growing concerned about it. i've been surprised that it hasn't picked up more steam with the american public pushing pressure back on their politicians to deal with these things. it's a complicated problem and while everyone can probably look at the logic of it, they also don't want to lose the benefits that they're getting right now. >> you've got it absolutely right. but here's the numbers that are really so compelling. this past fiscal year, social security, medicaid, and medicare was a trillion and a half dollars. by 2020 simply because of demographic shift in the country that's going to be 2.5 trillion. a trillion dollars more every year in seven years. that 2.5 trillion is equal to every nickel that we brought in last year. total tax revenues last year were 2.5 trillion. a
CNBC
Feb 7, 2013 6:00am EST
, the public investment that we need to have, fiscal restraint. reform and education and energy and so much else. who the next president is is very important. i think there are a number of very good democrats to carry that. >> carry the torch? okay. bob rubin, thank you for being here this morning. >> you're more than welcome. >> come on back. we've got to do this more frequently. >> okay. >> i've got to try. coming up we have breaking economic data around the corner. closely watched weekly jobless claims and fourth quarter productivity numbers at 8:30 eastern. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the lar
CNBC
Feb 8, 2013 6:00am EST
this conversation. >> thanks for having me. >> thanks for coming clean on your educational background. i appreciate that. i thought appeared rue would want to ask something. andrew, you weren't excited? >> all right. joe, thanks. sign me up for some shares in that handle. >> i want that, too. >> i happen. i am desperate for it rye it now. >> we're googling for it rye now. joe is going to invest in it, make a ton of money and leave us behind. a powerful winter storm is on its way from the east coast. jen carfagno -- did i say that right? >> carfagno. >> joins us from the weather channel. >> by the way, i'm going throw in a few bucks, too, for that new product. we need that when we have a storm like this. the scale only goes up to ten. we don't see something like this every day even every year. we're talking about an historic storm. boston, 10 out of 10. blizzard continues expected. portland, same issue, as well. we have blizzard warnings for 23 million people overall, 54 million people under some type of winter storm warning or adviso advisory. and it's two storms coming together. the radar, too, sh
CNBC
Feb 8, 2013 9:00am EST
be educational for them. >> yes. >> get them early. >> i think they're going for the younger demographic now with the nemo. remember when nemo was an e-ride? >> phinius and ferb. >> sports surging 25% in january compared to a year ago, with imports rising 28.8%. $29.2 billion trade, new lending by china's banks beat expectations and consumer inflation fell to 2% from seven-month highs set in december. so inflation is cooling. came in line, but cooling. >> trade is booming. >> this is exactly what you want. >> exactly. isn't this what allows the new communist party, and i do believe this is a signal it has worked. klaus kleinfeld was predicting they could sptep on the gas and not incite inflation. isn't that exactly what's happening? it's a virtuous cycle before being a vicious cycle. >> it is. and we still haven't had the full leadership transition yet. that will be in march. >> right. >> i think they're mandating 11% gdp. that's not a target, that's a mandate. 400 million people right now are still going from rural to urban. that is rather amazing. >> that's incredible. china is an incredib
CNBC
Feb 4, 2013 6:00am EST
. we're also budget neutral. we have to have a certain amount of revenue to fund education, public services and health and human safety. we're not willing to do away with that. i'm willing to compete with any state in america. i'm willing to compete globally. i just returned from china about 2 1/2 months ago. that's the economy we live in today. if i go back five decades ago we competed regionally and nationally. today we compete nationally and internationally. it is a global market. so, i think most governors understand that. >> governor, no question it seems like it makes sense to have this discussion about eliminating the loopholes that are there now, trying to simplify the tax code but we did just have someone write in on twitter who lives in washington state who says be ready for 9% sales tax like we have in washington and it goes up every year because that is a place where they've eliminated the income tax. what's your response? how do you make sure that doesn't happen? >> we believe in this very nominal financial concept that washington, d.c.'s never heard of, and some state
Search Results 0 to 28 of about 29 (some duplicates have been removed)